Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home. 

Today I want to bring a very important point that relates to the sale of your home, Study Shows Home Prices 5 Unintended Consequences of  Overpricing Your House When Selling...

Know the facts and study it carefully. The pricing of your home should not be set on hope, automatic computerized CMA's and/or false

homeowner illusions. The price of your home should be set by square foot comparisons, current local market conditions, major

improvements or lack of, pending sales, sold comps and the number of similar active listings in the area. 

You need guidance, advice and direction from an experienced professional to set the right price to sell, follow their advice and simply don't look back.

What happens when you ignore this and decide to "test" the market and just see if someone is willing to pay you more than what your home is worth? 

These are my:

Top 5 Unintended Consequences of  Overpricing Your House When Selling...

#1  

Reduces REALTORS® activity because they know your house is over-priced and

don’t want to waste their time showing it to their client buyers. Time is money and their focus is to help their clients find the best values out there. 

Dealing with an unrealistic seller with an overpriced home will make their jobs more difficult and waste a lot of time.

#2 

 Attracts the wrong buyers because they are expecting more amenities in the home based on the price alone. 

Once they see an overpriced house, they will compare to others that are priced correctly on that price range.

While an overpriced house sits alone with no buyers interested, 

They are comparing the price of the house with "other" listings...

and the "other" listings suddenly become more attractive when compared to your overpriced home. 

#3  

Eliminate offers by default. An overpriced house attracts low offers....

Why not?. A house that has been in the market for a long time, will not attract a fair offer, on the contrary

A house that ha been in the market for a long time will be branded as desperate sellers with unrealistic expectations. 

#4  

Loses interested buyers who might have looked at it but

didn’t think the seller would consider their offer and simply move on 

Most  buyers are not willing to take the effort to write an offer, put up earnest money, and take the time it takes to find

out if the seller will take less? 

#5

 Every house has a reputation, and you need to protect it.

As you accumulate "Days on Market" while trying to sell an overpriced home, 

your chances of getting it sold for top dollar is almost impossible.

You will end up attracting only low-ball offers looking for a bargain as

your home sits unsold with the appearance that "there must be

something wrong with that property being in the market so loooong!".

Commit to sell or wait until you are...

Price it right from the very beginning.

That's my advice.

There are many opportunities for growth in the current real estate market. To find out what’s right for your family, let’s get together to help you understand your options and guide you toward the best decision,

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540

Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home. 

Today I want to bring a very important point that relates to the sale of your home, Study Shows Home Prices  3 Important questions To Ask Before Buying Your First Home in 2022

Before starting on the process of buying a home, most home buyers want answers to these 3 key questions: 

What is a down payment, and how much do I require?

A down payment is the money you pay upfront to get a mortgage. It’s based on the total amount of your home loan. If you are borrowing $300,000 and the lender requires 3% down, then you'll need a total of $9,000 for your down payment. 

To figure out how much of a down payment you may be required to pay when buying a home, it will depend on the type of loan you are trying to get.

For example, you can get a conventional loan with as little as 3% down

FHA loans require that you pay 3.5% down.

VA or USDA requires no money down. 

You will have to qualify on the type of loan you are trying to obtain based on your application and how much money you have to pay for a down payment.

The more money you put down for a down payment, the less your monthly mortgage payment will be.

What are closing costs and how much do I have to pay?

Unfortunately, a lot of first time home buyers believe that the down payment is all they have to pay when buying a home, 

Here comes the closing costs...

You are required to pay a down payment PLUS closing costs in order to buy a home. 

Closing costs are the charges you are required to pay before your mortgage is ready to fund the loan... for the house you are purchasing.

Typically, home buyers will pay anywhere between 2% and 5% of the loan amount in closing fees. 

This includes, money allocated for taxes, lender charges (points *), appraisals, inspections, insurance plus other costs.

The good news is that in most cases you can include part of the closing costs into your loan, depending on what type of loan program you qualify for.

In some other cases, you may ask the seller of the house to help you offset your closing costs charges by asking for a concession when your real estate agent sends your offer.  

For example, if your home costs $300,000, you could pay anywhere between $6,000 and $15,000 in closing costs. 

In this case, you may offer the seller $300,000 for their home and ask for 3% seller contribution to help you pay your closing costs.

In this example, the total amount you are really offering is $291,000 where $9,000 will be available for you to offset the costs of your closing costs. 

To learn exactly how much closing costs you will be paying?

 Ask your lender to provide you with an estimate of closing costs. They are obligated and required by law to do so. 

What are Loan Origination (points) Fees?

Part of your closing costs involves any charges that come from the lending company in the form of "loan origination fees (points) and other loan charges" 

These fees and charges range from 0% to sometimes up to  3 percent of the amount borrowed. 

Lenders generally charge these fees for things such as the appraisal of the property, pulling your credit report, preparation of your loan documents, and the processing  of your application, as well as charging a loan origination fee, which may be 1 or 2 percent of the loan amount. I know that this seems like a lot of charges just to get one mortgage loan... remember, the lender has to charge some of these fees to stay in business and my recommendation is to check these fees with your real estate agent, that way, you will be sure that there are no added charges above what is expected in general 

 Remember, if you’re strapped for cash, you can get a loan that charges no fees; however, such loans have much higher interest rates that will increase your monthly payment substantially.

There are many opportunities for growth in the current real estate market. To find out what’s right for your family, let’s get together to help you understand your options and guide you toward the best decision,

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540

Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home. 

Today I want to bring a very important point that relates to the sale of your home, Study Shows Home Prices  3 WaysTo Avoid Paying PMI When Buying a Home

What is PMI? 

For homebuyers who put less than 20% down, Private Mortgage Insurance or PMI is an added insurance policy that protects the lender if you are unable to pay your mortgage.

This becomes a monthly payment that is added to your mortgage payment. 

Essentially, the more money a lender funds inside your mortgage, the greater the risk they will have on losing out on their investment. If the homeowner is unable to make their monthly mortgage payment, the PMI will protect and compensate the lender.

All lending institutions understand the usage of  PMI insurance policies to protect their risk when a home buyer puts less than 20% down payment.

Now, the question is: 

How can you avoid paying PMI and put LESS than 20% down payment? 

Good news, there are some scenarios where you can do this

Here are 3 Ways You Can Use To Avoid Paying PMI? 

#1 Look for a lender offering lender-paid mortgage insurance (LPMI), which eliminates PMI in exchange for a higher interest rate. Ask your real estate agent to provide you with a list of lenders who offer this type of programs. 

You must do your homework and ask yourself if paying a higher interest offsets the cost of paying PMI Insurance

#2 Buyers can opt for a piggyback mortgage — This type of loan uses a second loan to cover part of the down payment and reach 20%, therefore bypassing the PMI requirement.

You may avoid paying PMI insurance with this but, you will have to start paying for the second mortgage loan as soon as you take possession of the home. 

Again, you must do your homework. 

Paying the PMI or the second mortgage, which is better for you? 

#3  A way to avoid paying  PMI is, by looking for a loan program that doesn’t require it in the first place.

This is a little harder to find. There are lenders who may elect to bypass the PMI when they are also the ones funding the same loan. 

Ultimately, paying PMI is a decision you may want to do by consulting with your lender and real estate agent, 

One more thing, 

Many times, if you are looking to move up to a larger or more expensive home, you may take the equity you earn from the sale of your  house to put 20% down on your next home. With the equity gains that most homeowners have enjoyed in the last couple of years during a pandemic, it makes sense to take this opportunity and put those savings toward a larger down payment on your new home.

As always, I’m ready to have a quick consultation with you, when you are ready to make a move. 

There are many opportunities for growth in the current real estate market. To find out what’s right for your family, let’s get together to help you understand your options and guide you toward the best decision,

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540

Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home. 

Today I want to bring a very important point that relates to the sale of your home, Study Shows Home Prices 5 Reasons Why Buying a Home is Better Than Renting  

Choosing to buy or rent a home is a huge decision for people renting. 

Most find out that: 

Owning a home is worth it because it gives you a sense of security and stability that renting will never bring.

Did you know most renters do not have the opportunity to make decisions about  long-term investments in their lives? 

They never see that appreciation over time, will increase their net worth. 

In fact, most homeowners capitalize their home’s equity, which accumulates over time. 

They also get to enjoy tax deductions on their monthly mortgage interest payments plus, 

other homeowner expenses that come in the form of deductions. 

 Paying off your home will also enable to retire more comfortably, knowing that one day... you may be living mortgage free with no more monthly payments due.

These are the Top 5 Reasons Why Buying a Home Is Better Than Renting: 

1: Long-term, buying is always cheaper than renting

Rent is money that you will never get back. You are paying for a roof and that's it! 

When you are renting a home, you are making monthly payments for a property that you don’t even own...essentially, you are paying you're paying your landlord's mortgage. 

Worse of it, you are not building any equity. At end of the month, you pay your rent and your equity will always remain zero. 

2: Buying a home is the quickest way to build wealth over time

Did you know that real estate properties have been known to increase its value over time or appreciate? There is no other asset available that can build wealth more consistently than real estate.

Under normal circumstances, real estate may be the only thing that you may have available...that will help you build a comfortable nest egg for your future. 

When you are renting, you have hit the pause button of your financial independence. 

3: Buying a home provides you with stability & peace of mind

Many homeowners find that privacy, peace, and stability of owning a home is beyond any amount of money you spend every month. 

You are paying for freedom to grow, 

You are paying for privacy that no one can break, 

You are paying for stability that will keep you in the right path, 

You are paying for peace comfort and satisfaction that you are a homeowner, 

4: No landlord can kick you out....ever! 

As a renter, you can face an unexpected eviction notice if your landlord suddenly decides to rent to his family members, or worse...he decides that he wants to sell the home. 

The only protection you may have is a negotiated lease...that will keep going up and up every time you renew it. Your rent will always be increased...time after time. 

5: Unlike rent, a fixed mortgage will NOT go up, The payment remains the same for the life of the loan. 

Fixed mortgage rates don't go up, even if we are in the middle of a high inflation period. 

 A fixed rate is a fixed rate.

Your monthly payments are equivalent to the amount of time you'll have to work every month to pay that amount. After 10, 20, and 30 years, that amount of time will be reduced to practically zero! 

There are many opportunities for growth in the current real estate market. To find out what’s right for your family, let’s get together to help you understand your options and guide you toward the best decision,

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540

Read my previous post: WIN WHEN YOU SELL (AND WHEN YOU MOVE)

Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home. 

Today I want to bring a very important point that relates to the sale of your home, Study Shows Home Prices: Win When You Sell (And When You Move)

If you’re trying to decide when to sell your house, there may not be a better time than this winter. Selling this season means you can take advantage of today’s strong sellers’ market when you make a move.

Win When You Sell

Right now, conditions are very favorable for current homeowners looking for a change. If you sell now, here’s what you can expect:

♦ Your House Will Stand Out – While recent data shows there are more sellers getting ready to list their homes this winter, there are still more buyers in the market than there are homes for sale. If you sell your house now before more houses are listed, it will get more attention from serious buyers who are eager to find a home.

♦ Your House Will Likely Get Multiple Offers – When supply is low and demand is high, buyers have to compete with each other for a limited number of homes. The latest Realtors Confidence Index from the National Association of Realtors (NAR) shows sellers are getting an average of 3.6 offers in today’s market.

♦ Your House Should Sell Quickly – According to the same report from NAR, homes are selling in an average of just 18 days. As a seller, that’s great news for you if you’re looking for a quick process.

Win When You Move

In addition to these great perks, you’ll also win big on your next move if you sell now. CoreLogic reports homeowners gained an average of $51,500 in equity over the past year. This wealth boost is the result of buyer competition driving home prices up. You can leverage that equity to fuel a move, before mortgage rates and home prices climb higher. To get a feel for how rates are projected to rise, see the chart below.

The longer you wait to make your move, the more it will cost you down the road. As mortgage rates rise, even modestly, it will impact your monthly payment when you purchase your next home. Waiting just a few months to make that change could mean a long-term financial impact.

The good news is today’s rates are still hovering in a historically low range. According to Doug Duncan, Senior VP and Chief Economist at Fannie Mae:

“Right now, we forecast mortgage rates to average 3.3 percent in 2022, which, though slightly higher than 2020 and 2021, by historical standards remains extremely low . . .”

Selling before rates climb higher means you can make your move and lock in a low rate on the mortgage for your next home. This helps you get more home for your money and keeps your payments down too.

Bottom Line

As a homeowner, you have a great opportunity to get the best of both worlds this season. You can truly win when you sell and when you buy. If you’re thinking about making a move, let’s connect so you have the information you need to get the process started.

SOURCE.. KCM BILL BLOG   

There are many opportunities for growth in the current real estate market. To find out what’s right for your family, let’s get together to help you understand your options and guide you toward the best decision,

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540

Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home. 

Today I want to bring a very important point that relates to the sale of your home, Study Shows Home Prices: Why Now Is a Great Time To Sell Your House

As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking home price appreciation, growing equity, low inventory, and competitive mortgage rates are motivating homeowners to make a move that addresses their changing lifestyles.

In fact, recent data from realtor.com shows a larger share of homeowners are planning to list their houses this winter. So, that means more homes are about to hit the market, which will lead to more choices for buyers too.

According to George Ratiu, Manager of Economic Research at realtor.com:

“The pandemic has delayed plans for many Americans, and homeowners looking to move on to the next stage of life are no exception. Recent survey data suggests the majority of prospective sellers are actively preparing to enter the market this winter.”

If you’re thinking of waiting until the spring to sell your house, know that your neighbors may be one step ahead of you by selling this winter. If you want to stand out from the crowd, this holiday season is the best time to make sure your house is available for buyers. Here’s why.

Sellers Are Still Firmly in the Driver’s Seat

Historically, a 6-month supply of homes for sale is needed for a normal or neutral market. That level ensures there are enough homes available for active buyers (see graph below):

The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows the inventory of houses for sale sits at a 2.4-month supply. This is well below a neutral market.

What Does That Mean for You?

When the supply of homes for sale is as low as it is today, it’s much harder for buyers to find homes to purchase. This drives up competition among buyers, who then submit increasingly competitive offers to win out against others in the home search process. As this happens, prices rise and your leverage as a seller rises too, putting you in the best position to negotiate a contract that meets your ideal terms.

And while the low housing supply we’re facing won’t be solved overnight, sellers this season should move quickly to maximize their potential. As the data shows, with more prospective sellers planning to list their homes this winter, selling sooner rather than later helps your house rise to the top of a holiday buyer’s wish list so you can close the best possible deal.

Bottom Line

Listing your home over the next few weeks gives you the best chance to be in front of buyers competing for homes this holiday season. Let’s connect today to discuss how you can benefit from today’s sellers’ market.

SOURCE.. KCM BILL BLOG   

There are many opportunities for growth in the current real estate market. To find out what’s right for your family, let’s get together to help you understand your options and guide you toward the best decision,

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540

Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home. 

Today I want to bring a very important point that relates to the sale of your home, Study Shows Home Prices: 4 Ways Homeowners Can Use Their Equity

Your equity is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year. According to the latest Equity Insights Report from CoreLogic, homeowners gained an average of $51,500 in equity over the past year.

If you’re looking for the best ways to use your growing equity, here are four options:

1. Use Your Equity To Buy a Home That Fits Your Needs

If you’re finding you no longer have the space you need, it might be time to move into a larger home. Or, it’s possible you have too much space and would like something smaller. No matter the situation, consider using your equity to power a move into a home that fits your changing lifestyle. Moving into a larger home can provide extra space for remote work or loved ones. Downsizing, on the other hand, may mean saving time and money by caring for a smaller home.

2. Move to the Location of Your Dreams

If the size of your home isn’t a challenge but your current location is, it could be time to relocate to a new area. Maybe you enjoy vacationing in the mountains, at the beach, or another area, and you’re dreaming of living there year-round. Or perhaps the distance between you and your loved ones is greater than you’d like, and you want to close the gap. No matter what, your home equity can fuel your move to the location where you really want to live.

3. Start a New Business

If you’re not ready to move into a new home, you can use your equity to invest in a new business venture. As the U.S. Small Business Administration Office of Advocacy says:

“There is an estimate of 31.7 million small business owners in the United States, many of them started their business with the equity they had in their home.”

While it’s not recommended that homeowners use their equity for unnecessary spending, leveraging your equity to start a business that you’re passionate about can potentially grow your nest egg further.

4. Fund an Education

Whether you have a loved one preparing to head off to college or you’re planning to go back to school yourself, the thought of paying for higher education can be daunting. In either situation, using a portion of your growing equity can help with those costs, so you can make an investment in someone’s future.

Bottom Line

Your equity can help you achieve your goals. If you’re unsure how much equity you have in your home, let’s connect today so you can start planning your next move.

SOURCE.. KCM BILL BLOG  

There are many opportunities for growth in the current real estate market. To find out what’s right for your family, let’s get together to help you understand your options and guide you toward the best decision

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540

Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home. 

Today I want to bring a very important point that relates to the sale of your home, Study Shows Home Prices: 4 Things Every Renter Needs To Consider

As a renter, you’re constantly faced with the same dilemma: keep renting for another year or purchase a home? Your answer depends on your current situation and future plans, but there are a number of benefits to homeownership every renter needs to consider.

Here are a few things you should think about before you settle on renting for another year.

1. Rents Are Rising Quickly

Rent increasing each year isn’t new. Looking back at Census data confirms rental prices have gone up consistently for decades (see graph below):

If you’re a renter, you’re faced with payments that continue to climb each year. Realtor.com recently shared the September Rental Report, and it shows price increases accelerating from August to September (see graph below):

As the graph shows, rents are still on the rise. It’s important to keep this in mind when the time comes for you to sign a new lease, as your monthly rental payment may increase substantially when you do.

2. Renters Miss Out on Equity Gains

One of the most significant advantages of buying a home is the wealth you build through equity. This year alone, homeowners gained a substantial amount of equity, which, in turn, grew their net worth. As a renter, you miss out on this wealth-building tool that can be used to fund your retirement, buy a bigger home, downsize, or even achieve personal goals like paying for an education or starting a new business.

3. Homeowners Can Customize to Their Heart’s Content

This is a big decision-making point if you want to be able to paint, renovate, and make home upgrades. In many cases, your property owner determines these selections and prefers you don’t alter them as a renter. As a homeowner, you have the freedom to decorate and personalize your home to truly make it your own.

4. Owning a Home May Provide Greater Mobility than You Think

You may choose to rent because you feel it provides greater flexibility if you need to move for any reason. While it’s true that selling a home may take more time than finding a new rental, it’s important to note how quickly houses are selling in today’s market. According to the National Association of Realtors (NAR), the average home is only on the market for 17 days. That means you may have more flexibility than you think if you need to relocate as a homeowner.

Bottom Line

Deciding if it’s the right time for you to buy is a personal decision, and the timing is different for everyone. However, if you’d like to learn more about the benefits of homeownership, let’s connect so you can make a confident, informed decision and have a trusted advisor along the way.

SOURCE.. KCM BILL BLOG  

There are many opportunities for growth in the current real estate market. To find out what’s right for your family, let’s get together to help you understand your options and guide you toward the best decision

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540

Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home. 

Today I want to bring a very important point that relates to the sale of your home, Study Shows Home Prices: How Sellers Win When Housing Inventory Is Low

In today’s housing market, the number of homes for sale is much lower than the strong buyer demand. As a result, homeowners ready to sell have a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season.

1. Higher Prices

With so many more buyers in the market than homes available for sale, homebuyers are frequently getting into bidding wars for the houses they want to purchase. According to the latest data from the National Association of Realtors (NAR), homes are receiving an average of 3.7 offers in today’s market. This buyer competition drives home prices up. As a seller, this certainly works to your advantage, potentially netting you more for your house when you close the deal.

2. Greater Return on Your Investment

Rising prices mean homes are also gaining value, which increases the equity you have in your home. In the latest Homeowner Equity Insights Report, CoreLogic explains:

“In the second quarter of 2021, the average homeowner gained approximately $51,500 in equity during the past year.”

This year-over-year growth in equity gives you the ability to sell your house and then put that money toward a down payment on your next home, or to keep it as extra savings.

3. Better Terms

In a sellers’ market like we have today, you’re in the driver’s seat if you make a move. You have the power to sell on your terms, and buyers are more likely to work with you if it means they can finally land their dream home.

So, is low housing inventory a big deal?

Yes, especially if you want to sell on your terms. Moving now while inventory is so low is key to maximizing your opportunities.

Bottom Line

If you’re interested in taking advantage of the current sellers’ market, let’s connect today to determine your best move.

SOURCE.. KCM BILL BLOG  

There are many opportunities for growth in the current real estate market. To find out what’s right for your family, let’s get together to help you understand your options and guide you toward the best decision

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540

Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home. 

Today I want to bring a very important point that relates to the sale of your home, Study Shows Home Prices: Renters Missed Out on $51,500 This Past Year

Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic:

“Since January of this year, the national median rent has increased by a staggering 16.4 percent. To put that in context, rent growth from January to September averaged just 3.4 percent in the pre-pandemic years from 2017-2019.”

Looking back, we can see rents rising isn’t new. The median rental price has increased consistently over the past 33 years (see graph below):

If you’re thinking of renting for another year, consider that rents will likely be even higher next year. But that alone doesn’t paint the picture of the true cost of renting.

The Money Renters Stand To Lose This Year

A homeowner’s monthly mortgage payment pays for their shelter, but it also acts as an investment. That investment grows in the form of equity as a homeowner makes their mortgage payment each month to pay down what they owe on their home loan. Their equity gets an additional boost from home price appreciation, which is at near-record levels this year.

The latest Homeowner Equity Insights report from CoreLogic found homeowners gained significant wealth through their home equity this past year. The research shows:

“. . . the average homeowner gained approximately $51,500 in equity during the past year.”

As a renter, you don’t get the same benefit. Your rent payment only covers the cost of shelter and any included amenities. None of your monthly rent payments come back to you as an investment. That means, by renting this year, you likely paid more in rent than you did in the previous year, and you also missed out on the potential wealth gain of $51,500 you could have had by owning your own home.

Bottom Line 

When deciding whether you should rent or buy in the future, keep in mind how much renting can cost you. Another year of renting is another year you’ll pay rising rents and miss out on building your wealth through home equity. Let’s connect today to talk more about the benefits of buying over renting.

SOURCE.. KCM BILL BLOG  

There are many opportunities for growth in the current real estate market. To find out what’s right for your family, let’s get together to help you understand your options and guide you toward the best decision

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540